Storefront with Storage
For Sale
$275,000
105 Fairview Lane, Clarksville, TN 37040
A 2024 roof and separate auxiliary building add practical support space.
Property Size1,376 SF
Price / SF$199.85
Days on Market311
Property Features for 105 Fairview Lane
General Information
Standard status
Active
Size
1,376 SF
Property subtype
Commercial Sale / Mixed Use
Amenities
No Dock
Building Details
Year Built
1980
Buildings
2
Listing Agency:
Coldwell Banker Conroy, Marable & Holleman
Listed By:
Tom Nebel · License #305967
(931) 249-3270
Source:
Compass
Added: Oct 29, 2025
Changed: Sep 2
Last Checked: Aug 30 at 6:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Conroy, Marable & Holleman
Investment Insights
Based on property information with market context.
The 1,376 SF storefront was built in 1980 and includes built-in humidors from its previous use as a smoke shop. Those fixtures may be removed at the seller’s request. The property is offered as-is and includes a separate 24' x 12' outbuilding that can serve as storage or workspace. A new roof was installed in 2024.
Located just off the Wilma Rudolph Corridor at 105 Fairview Lane in Clarksville, the property provides commercial space with convenient corridor access. The building has no dock, and the existing improvements offer a defined starting point for a buyer’s planned use.
Located just off the Wilma Rudolph Corridor at 105 Fairview Lane in Clarksville, the property provides commercial space with convenient corridor access. The building has no dock, and the existing improvements offer a defined starting point for a buyer’s planned use.
Key Highlights
- 1,376 SF storefront built in 1980
- New roof installed in 2024
- Separate 24' x 12' outbuilding included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,093
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$261,860
$261.9K
Cap Rate 7%
$187,043
$187.0K
Cap Rate 9%
$145,478
$145.5K
Market Conditions
NOI Build-Up for 1,376 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.8K $14.40/SF
− Vacancy
−$1.1K −$0.81/SF
EGI
$18.7K $13.59/SF
− OpEx
−$5.6K −$4.08/SF
NOI
$13.1K $9.52/SF
Area
Clarksville, TN
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$261,860
Cap Rate 7%
$187,043
Cap Rate 9%
$145,478
Alternative Uses
Best Use
Retail
$187.0K
$163.7K – $218.2K
NOI $13,093 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.0K
$202.1K – $269.5K
NOI $16,169 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
125k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 47%
Home Improvements & Furnishings 3%
Electronics 1%
Freddy's Frozen Custard & Steakburgers
Dining
20,433 visits/mo
0.2 miles
MAPCO Mart
Shops & Services
20,194 visits/mo
0.3 miles
Starbucks
Dining
11,515 visits/mo
0.2 miles
Burger King
Dining
11,376 visits/mo
0.3 miles
Dollar General
Shops & Services
7,707 visits/mo
0.2 miles
Demographics for 37040, TN
60,382
Population
24,628
Households
2.5
Avg Household Size
31
Median Age
30%
College-Educated
94%
High-School Grad
92.8 sq mi
ZIP Area
651
Density / Sq Mi
$65,331
Median Household Income
$40,621
Median Earnings
$1,177
Median Rent
$242,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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- Kroger Floral — 2100 Lowes Dr, Clarksville, TN 37040
Frequently Asked Questions
What type of property is this?
Storefront property - A 2024 roof and separate auxiliary building add practical support space.
Where is this storefront property located?
The property is located at 105 Fairview Lane Clarksville, TN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,376 SF storefront built in 1980; New roof installed in 2024; Separate 24' x 12' outbuilding included
